Drilling & production

The early and safe delivery of the rig extends Keppel’s strong track record.

According to data gathered by the EIA, OPEC earned US$404 billion in net oil export revenues last year.

Faroe Petroleum has reported an oil and gas discovery in the Faroe-operated Brasse exploration well in licence PL740 in the Norwegian North Sea.

Saipem has been awarded new drilling contracts and extensions to existing contracts with a cumulative value of approximately €150 million.

Suretank has announced that it has entered into a formal agreement with local Angolan partner ESS.

Rex Energy is to sell its entire interest in the basin to Campbell Development Group, LLC.

Obstruction in the wellbore of the AAL-4X appraisal well has prevented drill stem tests being completed in the K-sand and G-sand reservoirs.

The Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2.

OPEC has published its monthly oil market report for June.

McKinsey Energy Insights' report states that 37% of deep water and 30% of shallow water green field projects will be delayed until 2025.

The valves are engineered to provide increased flow capacities and will fully open at 10% overpressure, helping protect tanks from physical damage caused by internal pressure fluctuations.

The Placing is intended to strengthen Plexus’ balance sheet during the current down cycle.

The Norwegian Petroleum Directorate has granted Eni Norge AS a drilling permit for well 7222/1-1, cf. Section 8 of the Resource Management Regulations.

Cleiver Moulin appointed as Managing Director of InterMoor do Brasil

Production at the Goudron Field increased during May, and the company has so far complete two of its initial completion targets in the field.